Gold demand is never dependent on Gold Price. So thinking that gold demand will decrease if it reaches 100000 is foolish. On the contrary gold demand will increase if it shows more year on year growth. In 2010 cost of 10 grams gold is 18,500 and Indian retail sales in tons is 1000. In 2015 cost of 10 grams gold is 26,343 and Indian retail sales in tons is 850. In 2021 cost of 10 grams gold is 48720 and Indian retail sales in tons is 797. In 2023 cost of 10 grams gold is 65330 and Indian retail sales in tons is 750. In2024, cost of 10 grams gold is 80000 and indian retail sales in tons is equal if not more than last year.
Gold demand is never dependent on Gold Price.
So thinking that gold demand will decrease if it reaches 100000 is foolish.
On the contrary gold demand will increase if it shows more year on year growth.
In 2010 cost of 10 grams gold is 18,500 and Indian retail sales in tons is 1000.
In 2015 cost of 10 grams gold is 26,343 and Indian retail sales in tons is 850.
In 2021 cost of 10 grams gold is 48720 and Indian retail sales in tons is 797.
In 2023 cost of 10 grams gold is 65330 and Indian retail sales in tons is 750.
In2024, cost of 10 grams gold is 80000 and indian retail sales in tons is equal if not more than last year.